Molecular Cytogenetics Market Size By Product, By Technique, By Application, By End-User, By Geographic Scope And Forecast

Posted March 26, 2020 by jennysmith

Molecular Cytogenetics Market was valued at USD 1.79 Billion in 2018 and is projected to reach USD 3.85 Billion by 2026, growing at a CAGR of 10.16% from 2019 to 2026.

Molecular Cytogenetics Market Size And Forecast

The latest survey on Global Molecular Cytogenetics Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the Molecular Cytogenetics Market.

The report aims to present the analysis of Global Molecular Cytogenetics Market By Product, By Technique, By Application, By End-User, By Geography – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What is Molecular Cytogenetics?
In recent years, chromosomal analysis has been gaining increasing traction in several areas of clinical medicine, such as hematology, perinatology or obstetrics. A majority of the genetic diseases are caused due to chromosomal disorders, it is crucial to identify the abnormalities in the chromosomes. Molecular Cytogenetics is one such procedure that is the application of molecular biology techniques to cytogenetic preparations. It is referred to as the study of chromosomes and molecular cytogenetics that further involves the analysis of genetic variations or alterations through in-situ hybridization techniques.

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Molecular cytogenetics, which is particularly used in medicinal and cancer-related genetics, includes the study of the structural and functional organization of nucleus and chromosomes. Few of the commonly used classical karyotyping techniques are fluorescence in situ hybridization (FISH), G-banding, microarrays, bioinformatics, real-time polymerase chain reaction (RT-PCR), in vivo imaging and single-molecule detection to detect chromosomal aberrations.

Global Molecular Cytogenetics Market Outlook
One of the major factors driving the market for Molecular Cytogenetics is that it enables the scan and analysis of the whole genome organization. It also involves the analysis of the genome structure and behavior at high resolutions as well as the visualization of single peculiar genomic loci. Apart from this, the recent developments in the fields of molecular biology and cytogenetics are also anticipated to propel the market for Molecular Cytogenetics over the forecast period. There have been several ongoing developments in the research of chromosome structure and its subsequent manipulation, mitosis and meiosis processes, gene expression and it’s regulation, gene silencing, etc. The rising incidences of cancer disease demand advanced cancer diagnostics such as techniques for imaging in genetics, epigenetics, and cytology used for chromosomal modifications. This is possible with the use of Molecular Cytogenetics which would drive the market.

However, the high capital investment and the lack of skilled professionals and lack of knowledge about molecular cytogenetics are the key factors anticipated to hamper the market growth over the estimated period.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The “Molecular Cytogenetics Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Molecular Cytogenetics Market, Segment Analysis
The Global Molecular Cytogenetics Market is segmented on the basis of Product, Technique, Application, End-User, and Geography.

The market is segmented on the basis of Product into Kits & Reagents, Instruments, Consumables and Software & Services. Global Molecular Cytogenetics Market for the Kits & Reagents segment is anticipated to be the largest as well as fastest growing over the estimated period. The use of kits allows remarkable time saving and reduction of manual procedures bringing benefits to the routine laboratory. Increasing focus toward targeted cancer treatment and rising demand in emerging markets are driving the growth of the segment.

Molecular Cytogenetics Market, by Technique:
The market is segmented on the basis of Technique into Comparative Genomic Hybridization, Fluorescence In-Situ Hybridization, In-Situ Hybridization, and Other Techniques. Global Molecular Cytogenetics Market for Comparative Genomic Hybridization segment is expected to be the largest as well as fastest-growing during the forecast period. It is one of the most widely used cytogenetics techniques in both molecular diagnostics and basic research. The segment is gaining acceleration and increasingly acquiring recognition for the diagnostic procedure in various areas of clinical research.  The CGH is categorized into standard comparative genomic hybridization and array-based comparative genomic hybridization. Among the two, array-based CHG accounted for major share and the same is projected to grow at the fastest rate.

The market is segmented on the basis of Application into Genetic Disorders, Cancer, Personalized Medicine, and Other Applications. Global Molecular Cytogenetics Market for Genetic Disorders segment is anticipated to be the fastest-growing over the estimated period. The FISH technique is considered to be one of the suitable methods for genetic disorders. In genetic disorders, chromosome analysis is performed by three methods i.e. prenatal, postnatal cytogenetics and hematological malignancies.

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The market is segmented on the basis of End-User into Clinical & Research Laboratories, Academic Research Institutes, Pharmaceutical, and Biotechnology Companies and Other End-User. Global Molecular Cytogenetics Market for Clinical & Research Laboratories segment is anticipated to be largest during the forecast period. Molecular cytogenetic techniques enable the detection of complicated, cryptic, and submicroscopic rearrangements. Various techniques such as CGH and FISH are being used in clinical & research laboratories for the treatment of disorders including cancer, and genetic disorders.

Global Molecular Cytogenetics Market, Geographic Analysis
The Global Molecular Cytogenetics market is studied on the basis of key geographies North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America dominated the Global Molecular Cytogenetics Market in 2018. The U.S. market accounted for the majority of the market in this region in 2018, which is expected to continue over the forecast period. This can be attributed to the increasing incidences of cancer cases in the U.S. coupled with rising demand for improved diagnostic tools. Furthermore, well-established infrastructure in the healthcare sector, increasing awareness among people about the benefits of early disease diagnostics, and the rise in R&D activities in the molecular cytogenetics sector in the region have led to developments in the regional molecular cytogenetics market.

However, Asia Pacific is witnessing the fastest growth in the molecular cytogenetics market due to increasing demand for better medical facilities, and rising patient awareness levels regarding the availability of medical facilities.

Global Molecular Cytogenetics Market, Competitive Landscape
The Global Molecular Cytogenetics market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Thermo Fisher Scientific Inc., Illumina, Inc., Agilent Technologies, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Oxford Gene Technology, Applied Spectral Imaging, PerkinElmer Inc., and Bio-Rad Laboratories.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Issued By vmr
Country United States
Categories Business
Tags molecular cytogenetics market
Last Updated March 26, 2020